Genius Group Limited Announces Dissolution of Revealed Films, Inc. and Arbitration Proceedings

Genius Group Limited has completed the voluntary dissolution of its wholly-owned subsidiary, Revealed Films, Inc. (RF), effective May 13, 2026. This dissolution is expected to positively impact the Company's balance sheet by reducing liabilities by $5.46 million and result in a net gain of $5.46 million on the profit and loss statement for the current financial year. The dissolution eliminates ongoing operating losses and administrative costs associated with RF. Concurrently, the Company's Board of Directors has approved the commencement of arbitration proceedings with the International Chamber of Commerce (ICC) against the founders of Revealed Films, Inc. to recover approximately $2.57 million related to purchase price adjustments. The outcome and timing of the arbitration are uncertain. The report also includes a cautionary note regarding forward-looking statements.